Item 8.01. Other Events.
On October 22, 2020, the Superior Court of the State of California, County of
Santa Clara (the "Court"), granted preliminary approval of the settlement of the
stockholder derivative action captioned In re Alphabet Inc. Shareholder
Derivative Litigation, Lead Case No. 19CV341522, as well as other related
litigations pending in the United States District Court for the Northern
District of California and the Delaware Court of Chancery and litigation demands
made by certain stockholders of the company (collectively, the "Settled
Matters"). The complaints and demands in the Settled Matters alleged that
certain defendants breached their fiduciary duties in connection with (1) an
alleged pattern of sexual harassment and discrimination by male executives at
the company and (2) a data bug, allegedly in violation of state and federal law.
The Settled Matters were resolved pursuant to a Stipulation and Agreement of
Settlement (the "Stipulation").
Pursuant to the Court's Order granting preliminary approval of the settlement,
the company is publishing the Notice of Pendency and Proposed Settlement of
Derivative Actions (the "Notice"), attached hereto as Exhibit 99.1. The Notice
and Stipulation are available for review on the company's investor relations
website at https://abc.xyz/investor/.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
99.1 Notice of Pendency and Proposed Settlement of Derivative Actions
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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